New Orleans, Louisiana Franchise Market Analysis
To gain comprehensive insights into New Orleans, Louisiana, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
New Orleans, Louisiana Demographic Insights | ||
Households (2023) | 166,648 | |
Households (2028) | 163,003 | |
Population (2023) | 371,695 | |
Population (2028) | 338,374 | |
Per capita Income (2023) | $40,013 | |
Total Household Expenditures | $10,621,683,572 | |
Total Retail Expenditures | $4,959,207,840 | |
Average Household Income (2023) | $88,612 | |
Average Household Income (2028) | $98,591 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
With consumer healthcare expenditures totaling $879.79 million annually, New Orleans showcases a substantial market for health-related services. In the health and fitness sector, we see a promising opportunity in the optical goods stores, where potential sales are $10.05 million, surpassing actual sales of $3.61 million. This suggests a gap in the market for franchises that provide eyewear and related services. Franchises that offer innovative health and wellness products, including personal care items that promote well-being, could find a welcoming consumer base in New Orleans.
Read MoreHome services in New Orleans have a promising outlook, with data indicating that 83.7% of housing units are occupied. The potential sales for furniture stores alone are at $69.19 million, significantly higher than actual sales of $27.26 million, signaling a strong market for home furnishing franchises. Given that the owner-occupied median home value is $283,899, there is a clear willingness among homeowners to invest in the maintenance and enhancement of their properties, creating opportunities for franchises specializing in home renovation, repair, and maintenance services.
The retail sector in New Orleans, with total consumer expenditures of $4.96 billion annually, offers diverse opportunities for franchisees. One notable gap can be seen in the general merchandise stores, including department stores, where the potential sales are an impressive $716.62 million, outpacing actual sales of $650.2 million. New Orleans' allure as a tourist magnet adds to the potential for retail franchises, especially those that can offer unique products that reflect the city's rich culture and heritage, providing not just a shopping experience but a taste of local tradition.
Explore the franchise listings below and take the first step towards a rewarding business venture.
New Orleans, Louisiana Franchise Opportunities (and Businesses for Sale)
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…
70k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
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